Fox Run Management L.L.C. Makes New Investment in Asana, Inc. $ASAN

Fox Run Management L.L.C. purchased a new stake in shares of Asana, Inc. (NYSE:ASAN) during the second quarter, Holdings Channel.com reports. The firm purchased 35,196 shares of the company’s stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in Asana during the 2nd quarter valued at $27,000. Banque Cantonale Vaudoise purchased a new position in shares of Asana during the first quarter valued at $28,000. AlphaQuest LLC grew its holdings in shares of Asana by 825.1% during the first quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock valued at $36,000 after buying an additional 2,203 shares in the last quarter. Quarry LP raised its position in Asana by 104.8% during the first quarter. Quarry LP now owns 2,906 shares of the company’s stock valued at $42,000 after buying an additional 1,487 shares during the period. Finally, 180 Wealth Advisors LLC raised its position in Asana by 7.2% during the second quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock valued at $145,000 after buying an additional 722 shares during the period. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana Stock Down 1.8%

ASAN stock opened at $13.29 on Wednesday. The firm has a market cap of $3.14 billion, a PE ratio of -14.93 and a beta of 1.05. Asana, Inc. has a 1 year low of $11.58 and a 1 year high of $27.77. The company has a fifty day simple moving average of $13.96 and a 200 day simple moving average of $14.68. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

Asana (NYSE:ASAN) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.The business had revenue of $196.94 million for the quarter, compared to analyst estimates of $193.01 million. During the same period in the previous year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Sell-side analysts anticipate that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Justin Rosenstein sold 13,701 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $14.95, for a total value of $204,829.95. Following the completion of the sale, the director directly owned 1,068,846 shares in the company, valued at approximately $15,979,247.70. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Anne Raimondi sold 28,026 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $14.17, for a total transaction of $397,128.42. Following the sale, the chief operating officer directly owned 862,469 shares of the company’s stock, valued at approximately $12,221,185.73. This represents a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 1,243,671 shares of company stock valued at $17,204,579 and have sold 2,427,928 shares valued at $36,497,981. 61.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on ASAN. Robert W. Baird lifted their target price on Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Morgan Stanley raised their price target on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Thursday, September 4th. Wall Street Zen lowered shares of Asana from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. Finally, Piper Sandler reissued an “overweight” rating and set a $19.00 target price on shares of Asana in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.10.

Asana Company Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.